Fair Credit Reporting Act in Virginia
The Fair Credit Reporting Act in Virginia
The state of Virginia has decided that the federal credit reporting law is perfect and you deserve no additional protections. Given that is the case, it is best for you to know your federal Fair Credit Reporting Act and reach out to your legislature.
What is the Fair Credit Reporting Act?
The Fair Credit Reporting Act or (FCRA) is a federal law and requires creditors, also known as furnishers, and the crediting reporting agencies to do several things regarding the accuracy of the credit reports.
Although you know of Equifax, Experian, and Trans Union, there are actually many different types of credit reporting agencies.
If they credit report is actually wrong, then you can make these consumer laws work in your favor and file a lawsuit to correct the inaccuracies. If the info on your credit is correct (just not what you want), then these laws will not help in you.
Common FCRA Errors to Correct in Virginia
- Information that is too old to be on your report (generally 7 years)
- Information that is just wrong and inaccurate
- Information that is not yours such as identity fraud
- Information that is mixed or merged with another person's credit files (Find out - Not Your Account?)
- Information about you being deceased (Learn more about this credit error)
- Information that you know is from your twin, brother, or sister (See how to dispute this here and see here how to get it removed, too)
Damages under the Virginia Fair Credit Reporting Act
The Virginia law does not add any additional penalties for violating this law unlike other states. But, under the federal law, you are entitled to emotional distress damages, economic damages, costs, and attorney fees.
Do You Have a Claim under the Federal or Virginia Fair Credit Reporting Act?
Contact the law office of Joseph P. McClelland and can discuss your case.
Schedule a Free Consultation